In a command economy, the government sets one price for all products, which may not accurately reflect production costs or consumer demand. This can cause resources to be used inefficiently and prices to be misleading.

Question

Rephrase this sentence in prek

Answer 1

In a command economy, the government decides on one price for all products, which may not be the best price based on how much it costs to make the products or what people want to buy. This can lead to resources being used in a wasteful way and prices that don't show the true value of the products.